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Search Results 0 to 35 of about 36 (some duplicates have been removed)
Dec 4, 2012 7:00pm EST
. it sounded to me like president obama talking about tax rates. >> is this dead or still alive? >> it is still alive. and it is ugly. but the piece that you mentioned. setting aside some of the substance here. there is a new poll out today that shows the public unchanged. it has been that way for weeks now. they had a proposal and i think it is middle ground and they put it in a letter and leaked it to the press. i think you heard what you heard from the president all along. >> i have to say, i agree with guy. part of the challenge here is the president knows that he's got the public on his side. also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded high
Dec 3, 2012 7:00pm EST
again it solely is because it doesn't raise tax rates on the rich. when is obama going to rise above that obsession? when will he lose that over rich people and tax rates? i don't know. tonight, i'm is going to try to call his bluff. anyway, also breaking tonight, potential catastrophe if syria uses its chemical weapons. president obama issues a stern warning to syria and i quote the world is watching. and there will be consequences if syria uses these wmds. have we just committed ourselves to another war? and the gun control debate is squarely back in the spotlight tonight after the murder/suicide by nfl player in kansas city, second amendment instead of blaming the sick people who use them. republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a
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Dec 3, 2012 3:00pm PST
to president obama. congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page report on press ethics in which he warned that inaccuracy in newspapers caused significant concern. he claimed the independent was founded in 19786 by three journalists. he apparently got two names right. the third first appeare appearea wikipedia entry a year ago. far from being founder of the paper, the man's name is the same as a self-described beach bum from california whose only edit was on that page. the error was spotted and scrubbed by wikipedia a few weeks ago, but not in time to spare the judge's error. >>> as we told you earlier, president obama is rejecting a counter offer fro
Dec 6, 2012 11:00am PST
check. do people agree with the obama administration, this threat of going off the cliff if rates aren't reached. here's what nancy pelosi had to say about geithner's remarks. let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it
Dec 6, 2012 2:00pm EST
. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says they're willing to go off the cliff if a deal is not reached on rates? >> i don't think it's a bluff. if you look at the reality of what happens, all the leverage which i -- right now clearly the white house has. they get more leverage if we go over their cliff. you can argue that would not send a good message to the country, to the world. it would prove that we are dysfunctional and cannot govern, et cetera, et cetera. in terms of dealing with the policy problem, which is you have this massive and growing debt, you have to bring in more revenues. there's multiple ways to do it, but critical ways to raise rates on the top end. it was what the election was about. republicans want to play the game where they think they get something. at the end of the day they lose worse if we go over the cliff. >> that's an interesting insight because you have alan simpson on the "today" show asked dp one side is a winner or los
Dec 3, 2012 1:00pm PST
in savings when it comes to tax revenue. but much of that came from raising tax rates for the wealthiest americans, which of course is what president obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raisin
Nov 29, 2012 11:00am PST
? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think that's where the compromise is, have it at a higher rate, somewhere in there? >> i think what needs to happen is for the democrats to come forward with ideas for expenditures. because if not, what he's asking for is for speaker
Dec 5, 2012 3:00am PST
holding the pen when he wrote, "i will not raise rates" in that letter he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say and turn it around. boehner and the republicans have to be aware of where obama's at in his own head and with his colleagues, which is no deal without some increase in rates, or we go over the cliff. >> let me just add one thing. when obama made that initial offer, we talked a little bit about how, you know, it was a wish list. it was ideological, whatever you want to say. i think it actually helped boehner in some respects because it gave him three or four things that he could then go back to his caucus and say, look, i moved obama off of this, this and this. and when boehner put his offer o
Dec 5, 2012 6:30pm EST
of their money to the federal government. without raising tax rates. >> reporter: and the president today offered this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs
Dec 4, 2012 7:00am EST
worth having, but as a rule, the lower the rate, the better for investment, the better for job growth. in terms of medicare and medicaid, you will see for upper-income under obama-care, that has been done. if you make over $250,000, if you will pay a tax. -- you will pay a tax to fund that thing. the democrats and an enormously new program that has $600 billion of taxes over a decade that are beginning to kick in. if you go to a tanning salon, if you buy a wheelchair, there will be taxes, and if you are a high- income investor, you will already hit with taxes. host: are those of included and budget proposals? guest: we think some of these things should be open for negotiation, but we lost the election, so the president will not do a full repeal. having said that, there are areas we have worked on before, trying to get rid of 1099 forms, and democrats said that was a dumb idea, and the president signed that repeal. we will continue to work, but this thing is a backer fiscally for the country or the next decade and that will become progressively more evident. host: linda. your honor wit
Dec 5, 2012 1:00am PST
republicans get, the republicans get the tax rates they want, the medicare cuts they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we'll talk about it later. after they put forth that sweet deal, this was the reaction from the beltway's conservative class. this is genius. sadly, th
FOX News
Nov 28, 2012 7:00pm PST
. again, president obama said he's going to raise taxes by $75 billion. the deficit is large. where's the rest of his plan? he has to show us his plan. house members would like to extend all current tax rates permanently. that brings certainly the to the economy. get a subsequent bill for the sequestration. work with president obama in a good faith effort to get pro growth tax reform. that would work. we've got the ryan budget that spends $7 trillion less than the president's budget. that would restore the confidence that the economy needs. >> greta: senator, thank you. >> thank you. >> greta: with time running out, you would think that president obama would call the house and senate leaders and ask them to the oval office, but apparently something is wrong with the white house phones. he's trying to outsource the job to you. take a look. >> i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an email, post it on their facebook walls. you can tweet it using
Nov 28, 2012 8:00pm EST
with president obama to move forward in preserving the tax rates for the middle-class. as the chairman just said, for everyone, including warren buffett, ross perot -- they would get tax relief for the first $250,000 of their income as well. you hear some republicans collin this pledge handcuffs that keep them from moving forward. we would hope in the short periodically have before december 31, we would not let a pledge to a special interest supersede the pledge of allegiance to make to our country. finally, once again, the american people are way ahead of the politicians. the american people by two- thirds agree with president obama that we must have a balanced approach to solving deficit issues and moving toward economic growth and job creation. two-thirds. if they were a vote by the american public today, there would be a landslide in favor of providing for the 2% wealthiest americans to pay a little more in taxes to help them get to the point of a balanced approach. a landslide victory. including republicans in america who agree with that. there is no reason to delay. we think we can move fo
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Dec 3, 2012 12:00am PST
coolige and john f. kennedy when they went in and lowered tax rates and you increase revenues which is what we are talking about. >> did you feel like it was a bait and switch from president obama and what you heard about in the campaigns. light on the details . i heard from members of congress that that is not what you thought was going to happen. >> you are absolute low right. what you see happening right now, dana is the art of politics and verse us the science of good policy. we need to move away from campaign mode and stimulate economic growth and wealth expansion and not wealth distribution. when the president is focused on the wealth distribution politic which thomas jefferson and hamilton lincoln talked against we are headed on down the wrong path. more people are pushed to food stamps and more people pushed to poverty and unemployment situation is going to get worse. we have seen that recently with the weekly job claims numbers coming out. >> and one of the things that are part of the debate and since the carter administration is the need to reform entitlements and make soc
Nov 30, 2012 10:30pm EST
the cliff and turnaround and they reset the rates -- the lady from kentucky talk about how obama had raised her taxes. she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on washington journal, and a look at the mortgage debt relief act, which was passed by congress in the early days of the housing crisis, and a discussion of orientation sessions for senior aides and aides of members- elect in congress. and a member of the autistic and advocacy network on being an adult with autism, and the federal role in supporting autistic adults and children. wash
Nov 29, 2012 10:00am EST
in the top 2% tax rate. --wasn't ended the year deal it was an end-of-the-year deal. the obama administration was looking for the stimulus measure. they thought it would be hard for republicans to oppose a tax cuts. host: the money rigidly was going where -- the money originally was going where? guest: going to the social security trust >> we take you live now to the u.s. capitol and house speaker john boehner. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. momings of his own party seem quite comfortable on sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today i would say two things. first, despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on t
Dec 5, 2012 10:00am EST
. president obama had a specific proposal to raise the rates to the clinton-era rates on the top 2%. there was a majority of republicans on exit polls who agreed with that. second, on the $1.1 trillion in entitlement cuts, that's really a bad idea. because what he's doing that is approaching by slashing benefits rather than reforming the system. i'll give you an example. we have to save money in health care not just in medicare but health care but we pay more, more than most countries, and we get less. here's an example of a reform. right now in medicare, when we buy prescription drugs, we buy wholesale but we pay retail and the law requires us to pay retail. whereas in the v.a., in medicaid, we do price discounts when we're purchasing. if we did that in medicare that would save us $160 billion a year. so what i'd like to see is us save money on health care. we need to do that. but it's got to be through system reform. host: can you save enough money through system reform without looking at benefits? guest: you know, you got to start there, because you really don't want to be sayin
Dec 4, 2012 1:00pm EST
president obama signed into law the per capita growth rate under medicare is now down to its lowest level in the history of the program. 2% per capita growth. and the fact of the matter is we can do more. we can actually build on that success of the affordable care act. anybody who watched "60 minutes" sunday, they had a story about hospital systems which was basically threatening to fire doctors if they didn't admit patients, according to certain quotas, because they're chasing that fee for service incentive that is in old medicare. i mean, those are the kinds of in that case fraud, but in other instances, you know, changing that fee for service incentive can actually put this number down much more dramatically and we don't have to touch a hair on the head of any medicare eligible senior in america for decades to come if we make those smart changes. so the fact of the matter is we've seen great progress just again in the last two years, 2 1/2 years, and the fact is there are very good ideas of ways of making the system much more efficient. i have to tell you and i know the members on the
Dec 6, 2012 12:00pm EST
is squarely on the shoulders of president obama. it will mean unemployment spiking back up over 9%. it will also mean a whole host tax increases, even beyond the higher tax rates that washington democrats want so badly. americans are also facing big increases in the death tax and the alternative minimum tax, also known as the a.m.t. both of these taxes will go up january 1 unless democrats work with republicans and take action to stop the increases that are already scheduled to occur. now, there's bipartisan agreement that these taxes should not be raised. there is bipartisan agreement that these taxes will do great damage to middle-class families, to family businesses, and to family farms. any effort to stop these harmful tax increases is being held up by the president's insistence on raising tax rates. not just raising more revenue through tax reform and economic growth but, specifically, raising tax rates. now, let's take a look at the death tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the
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Dec 2, 2012 3:00am PST
trial. >> when president obama was re-elected it was the heist unemployment rate since franklin dell another roosevelt. high unemployment isn't the only reason it is like 1937. joining us now to explain why is amity slave she is the director of the bush institute for 4 percent growth project author of the fourth coming book on coolidge. i can't wait to read that. 1937 looking a lot like 2013. how so? you broke it down by 4 different points. number one you say preelection spending that sets records. explain why this is one of the major problems? >> you call 1936 was an election year like this year. they spent a lot. they spent a record amount. 1936 interestingly was the first year in peace time that the federal government was bigger than the states. america the states and towns used to be the big government and the federal government was a pygmy. that changed in 36. roosevelt campaigning made that great. this past year we spent a record share of the economy as well. that's the first one. >> number two off the list is the cold water afterward after the election? >> it is appropriate. i
Dec 5, 2012 1:00pm EST
:00 eastern here on c-span. and following that, today's events op the fiscal cliff with president obama and house speaker john boehner. the president said in remarks to the business round table today that he was aware of reports that republicans may be willing to agree to higher tax rates on the wealthy as a way to avert the looming fiscal cliff and then come back next year with more leverage to extract spending cuts from the white house in exchange for raising the government's borrowing limit. we'll also have house speaker john boehner's news conference today where he said it's time for the white house to respond to monday's republican proposal for avoiding the fiscal cliff. see the president and speaker boehner tonight at 9:00 eastern. elsewhere on the hill today the senate appropriations committee on homeland security held a hearing on fema's response to hurricane sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning
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Dec 2, 2012 5:00pm PST
did, john f. kennedy did when they went in and lowered tax rates and you increase revenues which is exactly what we're talking about. >> were you-- did you feel like it was a bait and switch from president obama from what you'd heard about in the campaign and light on the details, but that's one of the things i've heard from members of congress that they thought, wait a second, that's not at all what you thought was going to happen. >> yeah, you're absolutely right. what you see happening right now, dana, is really the art of politics, versus the science of good policy and i think we need to move away from campaign mode and we need to do the things that are going to stimulate economic growth and wealth expansion, not wealth distribution, when the president continues to be focused on the wealth distribution politics, which is something that president thomas jefferson talked against and also, abraham lincoln, we're going to continue to see greater problems with our economy, more people push toward food stamps, more people pushed towards poverty and our unemployment situation is goi
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Nov 30, 2012 3:00am PST
to get. the economy slows down. unemployment tends to go up. president obama in this latest so-called fiscal deal he is proposing much higher tax rates no spending cuts, and unlimited borrowing. i would suggest we might get the same thing here. a slower economy more unemployment. >> gretchen: moral of the story from stuart varney. we'll catch you later on today. thanks. the price of pizza and groceries going up. why you can thank obamacare for that? then they're the newest crop of zoo borns. the most exotic animals in the world are live in our studio. first on this day in 1965 "turn, turn, turn" by the birds was the number one song. i don't remember it. do you stu? n yes [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over and over again. ♪ ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >> gretchen: answer to the aflac question of the day alicia cusper. >> bri
Dec 3, 2012 3:00am PST
the middle class and want to keep tax rates low for wealthy americans. >> it is all john boehner's fault. i wish president obama would stand up and not just talk about this in an abstract way and say hey, i am here for 98% of americans. i want to give you a continued tax cut january 1st. john boehner, john boehner is the only guy standing in the way. put the pressure on. just like we are doing it this morning. put the pressure on boehner. and i think he will cave if we put enough pressure on him and peter has told us how to do it. we are tweeting it. jim fowler from indiana. no. jim from fowler indiana. i'm sorry. >> hey. >> peter: hey, mr. fowler. caller: how are you doing? >> bill: what's going on caller: i would like john boehner to say why it's okay to take money from head start, poor people and the elderly but nots okay to take money from the rich. explain that to me. >> bill: explain thatis is welfare for the rich that continued bush tax cuts. >> they are not entitlements. they are earned benefits. >> bill: thank you. yeah. caller: farrant bene
Dec 4, 2012 9:00am PST
: harry reid said tax rates must raise on the top 2% the sooner the republicans grasp that reality, the sooner we can avoid the fiscal cliff. obama and his allies are less willing to look at these benefits programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk with you. >> stephanie: okay. >> caller: so many things to talk about, but i wanted to talk about the extremism that i see in the republican party. for me i'm an infantry officer, a software engineer. i have gone from voting republican and i lose myself as moderate republican, and conservative democrat somewhere in that -- >> stephanie: in the nuggety center. >> caller: yeah. the way this election has gone it has turned me very much to the left. the way the republicans have acted, they are turned me off from their
Dec 1, 2012 7:00am PST
are looking at, just one thing, it has been this down ward slope in the upper bracket, marginal tax rates that have caused that. this president, that's why it is so important for us to hold on this. this president obama is not moving things back to the 50s or the 60s. >> he is moving back to the '90s. >> he is moving things back just ten years to a place where even just turning the boat around a little bit at this point would be great. that's where we get all these crazy figures about 93% of the wealth that was created over the last four years went to 91% of the people. the other 9% was left for the other 7% of the people. >> for everybody else? >> that's right. that's because of marginal tax rates. boehner doesn't have the votes on a marginal tax rate. >> the huge support for the president is when we look at public opinion polling, we see that 60% of americans support raising taxes on income over $250,000. >> eight of the ten wealthiest counties in the nation voted for obama. rich people are in favor, surprisingly, a lot of them, in raising taxes. they know it is unfair. >> how do we put
Nov 30, 2012 9:00am EST
it more economically viable, he just wants to raise rates and punish folks more. let me go, mr. speaker, to president barack obama, august, 2009. he says this in an interview. the last thing you want to do is to raise taxes in the middle of a recession. because that would just take more demand out of the economy and put businesses in a further hole. president barack obama, august, 2009. he was absolutely right then. those facts hold true today. it's not just those facts hold true over a small period of time, mr. speaker. those facts hold true over a decade. john kennedy's quotes, president john f. kennedy, i just want to take you back, mr. speaker, it's not as if these are new ideas we are talking about. this isn't some rocket science problem that's suddenly been thrust upon the united states of america in 2012. these are basic economics. adam smith talked about these years ago. this is in one of john f. kennedy's news conference in 1962 as he was providing the largest tax cut in modern american history he said this, he said it's a paradoxical truth that tax rates are too high and tax r
Dec 6, 2012 1:00pm PST
, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates
Search Results 0 to 35 of about 36 (some duplicates have been removed)